Sport
F1 pushed to the brink by losses during COVID-19 wipeout – Wide World of Sports
True extent of dire financial situation laid bare
Here’s further proof of how much coronavirus has obliterated the sporting world’s finances.
Formula 1 released figures relating to its revenue for this season and the figures aren’t pretty.
Due to coronavirus wiping out the calendar, Formula 1’s income for the April to June period crashed from $620m in 2019 to just $24m in 2020.
Revenue is primarily generated by races and with no grands prix on the schedule the sport has been starved for cash.
In 2019, there were seven races took place durin…
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